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They are in the market, hospital, home textile sector… They got permission to open a bank from the BRSA
The Banking Regulation and Supervision Agency granted the TOM Digital Participation Bank, which it had previously granted a digital participation bank permission, to operate as a TOM Participation Bank. TOM Participation Bank, whose shareholders own the A101 chain markets, will be able to start its activities from now on.
The owners of the A101 markets, owned by Yeni Mağazacılık A.Ş. operating in the retail sector in Turkey, established TOM Digital Participation Bank with a capital of 1.5 billion liras. Among the founding partners of the bank was Ahmet Yaşar Aydın, Chairman of the Board of A101.
Now, the Banking Regulation and Supervision Agency has given TOM Participation Bank an operating license.
THE DECISION IS IN THE OFFICIAL NEWSPAPER
According to the decision published in the Official Gazette, as a result of the evaluation made within the scope of Article 10 of the Banking Law No. 5411, Article 7 of the Regulation on Transactions Subject to Permission and Indirect Shareholding of Banks, and the Regulation on the Operational Principles of Digital Banks and Service Model Banking, the Board’s dated 04.08.2022 and It was decided to grant an operating license to TOM Katılım Bankası A.Ş.
THE NAME OF THE BANK HAS BEEN Clarified
TOM Participation Bank, which will operate as a participation bank, stands for „Technology of Money“.
FIRST STEPS TAKE WITH TOM PAY IN 2021
Companies named TOM Finansman and TOM Pay started to work to become operational as of 2021. When we go to the websites, it is stated that the work for permission from the Central Bank continues and that it has not started its activities in electronic money and payment services yet.
TOM Pay is headquartered in Üsküdar and has a paid-in capital of TL 12.5 million. The registered capital ceiling is also at the level of 50 million TL. Ahmet Yaşar Aydın, the chairman of the board of directors of TOM Pay, seems to be the vice chairman of the board of directors, Ayhan Aydın.
IN MARKET, HOSPITAL, HOME TEXTILE AND COSMETICS INDUSTRY
Aydın Group includes A101 Markets, English Home, Memorial and EVE Kozmetik.
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The TOM Digital Participation Bank, owned by the shareholders of A101 chain markets, has been granted a license to operate as a TOM Participation Bank by the Banking Regulation and Supervision Agency. The bank was established with a capital of 1.5 billion liras and will be able to start operations now. TOM Participation Bank stands for „Technology of Money“ and is expected to begin operations in electronic money and payment services soon. The Aydın Group, which owns the bank, also includes A101 Markets, English Home, Memorial and EVE Kozmetik.
